Australian based SX Global recently acquired exclusive rights to manage and promote the FIM Supercross World Championship. The company unveiled its plans for the series.
The series will feature a highly exclusive structure with only 10 team licenses available for independent owners. Those owners will receive financial support which includes seed funding for entering the series along with appearance fees and logistics and freight support. Approximately $50 million has been designated for team and rider support across the next five years.
Each event will have a $250,000 purse prize in the global series. The series will follow a two-class format that includes 450 and 250 riders. Each team will field four riders, two in each class. Every event will also have two wild card entries to allow for local riders and sponsorships bringing the field total to 22.
Mubadala Capital is expected to invest in the series. The company has over $243 billion in managed assets.
“There is a massive fanbase and untapped demand for supercross outside the United States and backed by the financial support and significant resource of Mubadala Capital, we intend to feed that, bringing the sport to new regions through the most exciting and lucrative World Championship series in the history of the sport,” said Tony Cochrane, president of SX Global. “We have created an entirely new model for supercross – one that emphasizes expanded financial support and opportunities for riders and teams, expanded opportunities for sponsorship and an elevated experience for fans.”
Events for the FIM Supercross World Championship Series will take place September through November.